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3rd OECD GIFF“Financing Green Innovation and

Commercialization”

October 14th, 2016

Shigeki (Sean) MiwaGeneral Manager, CEO Project Office

SoftBank Group Corp.

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March 11th, 2011

Earthquake + Tsunami Fukushima Accident

SoftBank’s Clean Energy Projects

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March 11th, 2011 Oct, 2011

Oct, 2012 Dec,2013

Jul,2013

RE developer in Mongolia

Fuel Cell businessRE developer in Japan

Power Retail Businessin Japan

Dec, 2014

High-altitude wind gen.

Great Earthquake

Jul & Aug, 2011Japan Renewable Energy Council

&Renewable Energy Institute

Dec, 2015

350MW Solar PVin AP stateBid Success

Established RE Businessbase in Japan, India, Mongolia and US.

SB Energy (Japan)

：Solar

：Wind

Total 508MW

(34 sites)As of Oct 3rd, 2016

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Solar Projects in India

• Capacity: 350MW

• Tariff: INR4.63

• COD: Apr. 2017Andhra Pradesh

SoftBank Vision

20GW in India Solar(P.M. Modi targets 100GW Solar PV by 2022)

<Our first PV project in India>

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Solar PV cost is already lower than new coal-fired power plant in India

Hurmen Site

161,000ha

Up to 5GW

Bulgan Site

46,000ha

Up to 1.5GW

Tsogt Tsetsii Site

7,000haUp to 250MW

Hankhongor Site

10,000ha

Ulaanbaatar

Tavan TolgoiCoal Mine Oyu Tolgoi

Copper Mine

(7GW+ wind potential)

Land secured for development in the Gobi Desert

Total 220,000ha (2,200km2)

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Clean Energy Asia (Mongolia)(Newcom:51%, SB Energy: 49%)

Loan Agreement Signing Ceremony(signed on Sep 28th, 2016 @Ulaanbaatar)

Our first wind farm project in Mongolia (50MW @Tsogt Tsetsii Site)

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Project key info.

Capacity 50MW

Tariff 9.4 cent/kWh

Lenders JICA, EBRD

FinanceType

Non-recourseproject finance

LoanAgreement

Signed

COD Dec. 2017

Supply 5% electricity of power generation in whole Mongolia

ASG Concept announced in Sep 2011

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4-Party MOU to study feasibility of ASG(signed on March 30th, 2016)

Shu YinbiaoChairman

SGCC

Cho Hwan-EikPresident & CEO

KEPCO

Roman BerdnikovFirst Deputy General

DirectorROSSETI

Masayoshi SonChairman & CEO

SBG

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Share of Asia + Russia in the World

Population(Total 7.4billion)

62%

CO2 emission(Total 32.2 billion tones)

56%

Source: Statistics Bureau of Japan 2016 (2015 Data)

Source: IEA, CO2 EMISSIONS FROM FUEL COMBUSTION IEA STATISTICS HIGHLIGHTS 2015 (2014 Data)

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76% 77%

Source: IEA, Electricity Information 2016 (2014 Data)

Share of 4 Countries in Asia

Power generation(Total 11,000Twh)

Power consumption(Total 9,100Twh)

As the first project,We will make “Golden Ring”

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Fossil Fuels Renewables

We are in the era ofParadigm Shift of the Energy Sector

- Increase emissions

- Regulatory risks

- “Carbon Bubble”(Fossil fuel reserves can be stranded assets)

- Clean & safe

- Rapid cost reduction

- Paris Agreement(Globally aligned to tackle climate change)

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Role of ASG in the Paradigm Shift of Energy

Reduce CO2 emissions

ASG Contributes toParadigm Shift of Energy

RenewableEnergy

CO2emissions

Maximize the utilization of RE

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IT Paradigm Shift

PC Hardware & Software

(Distribution)

PCInternet

PCBroadband

MobileInternet

SoftBank led the Information Revolution

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ASG Contributes to the 2 Paradigm Shifts

ITEnergy

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Internet of Things(ICT = nerve system)

Grid of Things(Power Grid = blood system)

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IoT (ICT) x GoT (Power Grid) = Innovation

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Key Messages

Mobile Phone is a Mere Black Box without Power – ICT is the biggest electricity industry.

Paradigm Shift from Fossil Fuels to Renewables

Asian Super Grid becomes Innovation Base- Public-Private Partnership- Government-Affiliated Financial Institutions

IoT (ICT) x GoT (Power Grid) = Innovation

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